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Long

EUR/USD H4 - Contracting triangle broken - LONG

X5  
FX:EURUSD   Euro / U.S. Dollar
Contracting triangle broken and now the price is following pattern projection (green) on D1 chart (see link below)

On H4 chart, a new channel has formed and a bullish 3D pattern emerges. Bear divergence is present, so it coul be a good idea to trade:

1) Short, targeting 61.8 - 78.6 fibo retracements and after that,
2) Long, targeting 127.2 - 161.8 fibo retracements

As a recommendation, wait for reversal bar pattern inside PRZ box (use H1 chart if necessary)

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